UPM Expands Renewable Chemicals Portfolio with Acquisition of Avantium’s Bio-Glycol IP
UPM acquires Avantium’s Ray Technology patents to enhance bio-based glycol production amid growing bioeconomy demand
UPM has acquired Avantium’s intellectual property for Ray Technology, enabling production of bio-based mono-ethylene glycol and mono-propylene glycol from plant sugars. The deal strengthens UPM’s renewable chemicals capabilities and supports its Leuna biorefinery operations. Avantium refocuses on FDCA and PEF technolo…